Inflation announcements, federal reserve bias and stock returns
In this article, we found that the US stock prices react only to the unexpected component of US inflation announcements, with such impact statistically significant only in a situation of economic recession. We also show that the impact of the unexpected component of inflation announcements is also d...
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| Format: | workingPaper |
| Language: | eng |
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2010
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| Online Access: | http://hdl.handle.net/10400.5/2188 |
| Country: | Portugal |
| Oai: | oai:www.repository.utl.pt:10400.5/2188 |